Lonmin Tag

South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...

Lonmin (LON:LMI) has purchased Anglo American Platinum’s 42.5% stake in the South African Pandora mine. The world’s third largest platinum producer will pay between R400 milllion and R1 billion for the interest and will result in Lonmin holding 92.5% of the project with North Platinum (JSE:NHM)...